Funding arb · Price arb /

ARB

all ARB markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0064%/8h= −7.1% APRpaid last 24h −0.072%

Price spread now: Binance against Hyperliquid−0.027%7-day average −0.085% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Hyperliquid Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.269%−$27 on $10k

Price spread, last 7 days+0.003%$0 · spread now −0.027%, 7d avg −0.085%

Together, before fees−0.266%+ Points / potential airdropHyperliquid: Season 2 · farm board−$27 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Binance is 0.059% dearer against Hyperliquid than usual: you sell high and buy low (spread −0.027% now, against its 7-day average of −0.085%): +$6 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ARB	0.2192	0.0100	pay 0.0013% / 1h	34m 22s	$37.5M	$48.3M	10x
Short	Binance ARBUSDT	0.2191	0.0036	get 0.0036% / 8h	3h 34m	$63.8M	$299.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Hyperliquid. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee HyperliquidbpFee BinancebpOrdersPrice spread, now −0.027%Rate

Funding earned: −$13.52
Price spread: −0.027% → −0.085%: $5.88
Slippage, 4 orders: −$11.72
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$38.37
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Hyperliquid: live order book, 9 min ago; Binance: live order book, 9 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Hyperliquid live order book, 9 min ago	0.23 bp	8.5 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 9 min ago	0.23 bp	7.8 bp −$8	9.2 bp −$92	50.4 bp −$5,043	doesn't fit

ARB on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Injective ARB/USDC PERP	−0.1589%	1h	0.2181	−0.493%	$39K	$372K	12x	as long as short
Polymarket Perps ARB-USD	−0.0170%	1h	0.2190	−0.100%	$69K	$2.1M	10x	as long as short
OKX ARB-USDT-SWAP	−0.0107%	8h	0.2190	−0.082%	$22.1M	$142.7M	50x	as long as short
MEXC ARB_USDT	−0.0106%	8h	0.2190	−0.068%	$41.8M	$60.5M	200x	as long as short
Variational Omni ARB	−0.0102%	8h	0.2183	−0.394%	$1.8M	$2.9M	—	as long as short
Orderly PERP_ARB_USDC	−0.0070%	8h	0.2191	−0.036%	$12K	$407K	10x	as long as short
Bybit ARBUSDT	−0.0057%	8h	0.2190	−0.082%	$55.2M	$123.5M	50x	as long as short
Kraken Futures PF_ARBUSD	−0.0050%	1h	0.2191	−0.021%	$1.1M	$4.4M	50x	as long as short
Gate ARB_USDT	−0.0020%	8h	0.2191	−0.041%	$5.3M	$18.1M	60x	as long as short
01 Exchange ARBUSD	−0.0008%	1h	0.2191	−0.055%	$7K	$2K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ARB-USD	0.0000%	1h	0.2192	−0.013%	$65K	$5K	10x	as long as short
Deribit ARB_USDC-PERPETUAL	0.0000%	1h	0.2191	−0.018%	$24K	$34K	25x	as long as short
gTrade (Gains Network) ARB/USD	L +0.0005% / S −0.0006%	1h	0.2191	−0.026%	$32K	—	150x	as long as short
Extended ARB-USD	+0.0032%	1h	0.2189	−0.114%	$349K	$2.5M	25x	as long as short
Binance ARBUSDTshort	+0.0036%	8h	0.2191	−0.027%	$63.8M	$299.4M	75x
Bitget ARBUSDT	+0.0056%	8h	0.2189	−0.128%	$20.8M	$34.0M	50x	as long as short
BingX ARB-USDT	+0.0057%	8h	0.2190	−0.064%	—	$53.6M	—	as long as short
Aevo ARB-PERP	+0.0088%	1h	0.2185	−0.329%	$139K	$7K	3x	as long as short
Lighter ARB	+0.0096%	1h	0.2192	−0.005%	$1.2M	$5.5M	15x	as long as short
Hyperliquid ARBlong	+0.0100%	1h	0.2192	long leg	$37.5M	$48.3M	10x
Aster ARBUSDT	+0.0100%	8h	0.2190	−0.086%	$630K	$1.5M	20x	as long as short
Pacifica ARB	+0.0100%	1h	0.2192	−0.013%	$42K	$159K	10x	as long as short
KuCoin ARBUSDTM	+0.0100%	8h	0.2192	−0.009%	$19.5M	$14.7M	75x	as long as short
edgeX ARBUSDC	+0.0100%	4h	0.2190	−0.062%	$38K	$463K	20x	as long as short
GRVT ARB_USDT_Perp	+0.0100%	8h	0.2188	−0.173%	$472K	$3.6M	10x	as long as short
ApeX Omni ARBUSDT	+0.0100%	1h	0.2192	+0.009%	$118K	$283K	50x	as long as short
SunX ARB-USDT	+0.0100%	8h	0.2194	+0.100%	$2K	$1.1M	30x	as long as short
SoDEX ARB-USD	+0.0100%	1h	0.2191	−0.032%	$10K	$2.2M	5x	as long as short
HTX ARB-USDT	+0.0100%	8h	0.2186	−0.255%	$297K	$885K	50x	as long as short
Phemex ARBUSDT	+0.0100%	8h	0.2189	−0.128%	$4.9M	$12.8M	50x	as long as short
RISEx ARB/USDC	+0.0118%	1h	0.2191	−0.043%	$476K	$2.6M	10x	as long as short
BloFin ARB-USDT	+0.0145%	8h	0.2191	−0.023%	$3.1M	$2.5M	75x	as long as short
Coinbase International ARB-PERP-INTX	+0.0256%	1h	0.2191	−0.036%	$493K	$1.6M	50x	as long as short
GMX ARB/USD [ARB-USDC]	L +0.0276% / S −0.0158%	1h	0.2191	−0.049%	$827K	—	150x	as long as short
Reya ARBRUSDPERP	+0.0289%	1h	0.2190	−0.102%	$2K	$695	20x	as long as short
Backpack ARB_USDC_PERP	+0.0506%	1h	0.2195	+0.123%	$986K	$2.8M	20x	as long as short